Bitcoin Soars to $122,000: Strategic $740M Move Cements Dominance

Bitcoin just bulldozed through another psychological barrier—flipping six figures into pocket change as it hits $122,000. The crypto king isn’t just riding hype; it’s strategically deploying capital like a Wall Street shark (minus the bailouts).

The $740M power play

That’s not loose change hitting the table—it’s a $740 million bet on Bitcoin’s infrastructure. Exchanges? Wallets? Mining ops? Doesn’t matter. When this much capital moves, the market notices. Traditional finance is still debating ‘digital gold’ while Bitcoin’s building Fort Knox 2.0.

Why this hurts legacy finance

Banks need committees to approve a coffee budget. Bitcoin just mobilized three-quarters of a billion dollars before their PowerPoint loaded. The decentralized playbook keeps rewriting finance—one zero at a time.

Bottom line: $122K isn’t a moon shot anymore. It’s the new foundation. And with institutional money moving like this? The next resistance level might be ‘whatever we say it is.’ (Cue the SEC scrambling for their rulebook—page 3, section ‘How to Regulate What You Don’t Understand.’)

In Brief

• Strategy buys 6,220 BTC for 740 million dollars, at an average price of $118,940.
• The company now holds 607,770 bitcoins, representing 3% of the total ever mined.
• The operation is financed by sales of common and preferred shares, with no direct cash outflow.
• MSTR’s market capitalization exceeds the real value of its BTC holdings by 70%.

A finely tuned buyback for a superstar bitcoin

After Saylor’s purchase anticipation, everything went very fast. On July 20, Strategy filed with the SEC, for 739.8 million dollars. Average price: $. The operation pushes the company’s portfolio to. And this, while Bitcoin flirted with122,000, before falling back to around 118,000$.

This offensive is not an isolated flash in the pan. Since April, Strategy has been buying every month like filling an attic before winter... A well-oiled mechanism, piloted by a more convinced Saylor than ever.

This behavior fits withinas a reserve asset. Strategy does not act like a speculative fund seeking to sell at the highest point. It accumulates continuously, according to a strategy publicly announced since 2020.

The great art of financing oneself without ever emptying the pockets

But where does the money come from? Not from the cash registers. Strategy finances its purchases with a complex play of. For this transaction,. At the same time, it sold STRK, STRF, and STRD preferred shares for a few additional million dollars.

This strategy is part ofto strengthen its exposure to bitcoin. The method relies on zero-coupon bonds, that is, debts that pay no interest but whose value increases at maturity. A FORM of arbitrage where the rise in BTC covers the cost of the raised capital.

But this engineering has its downsides. In March,for Strategy. A slide that temporarily caused the MSTR share price to fall. This is the downside of a structure entirely dependent on the price of the queen of cryptos.

Investing in a flagship crypto or in a promise of exposure?

Here lies the problem. Thehas reached 105 billion dollars, while its BTC are worth about 62.6 billion. In other words,.

Thisreflects enthusiasm for Saylor’s strategy, but also raises questions about valuation coherence. Analysts mention, where index funds mechanically buy shares, inflating prices regardless of fundamentals.

Meanwhile, Strategy publishes proprietary indicators like thewhich measures the evolution of the number of BTC per share issued. But the more shares issued, the more the ratio can artificially inflate. This creates the illusion of growing performance, even if the real share of bitcoin per share decreases.

Key figures of a high-leverage strategy:

• 607,770 BTC in Strategy’s portfolio, that is 3% of the total supply;
• 739.8 million dollars invested in one week, at $118,940 per unit;
• MSTR valuation: 105 billion dollars, 70% above the real value of the BTC held;
• BTC yield target (2025): 25%. Currently: 20.8%;
• 10,455 BTC purchased by Strategy since the beginning of July.

Bitcoin shines, but some observers are divided about what comes next. Experts expect a new rise towards 135,000$, others fear a severe correction linked to macroeconomic uncertainties. The flagship crypto continues to captivate, but the next chapter is yet to be written.

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